Brief: Foxconn Interconnect Technology Says Co And FIT Singapore Entered Into Settlement Agreement

Foxconn Interconnect Technology

17/12/2021 11:44

Dec 17 (Reuters) - Foxconn Interconnect Technology Ltd
 6088.HK :
    * CO AND FIT SINGAPORE ENTERED INTO SETTLEMENT AGREEMENT
WITH
SHARP AND KANTATSU
    * LITIGATION WOULD BE WITHDRAWN UNDER SETTLEMENT AGREEMENT
    * CONSIDERATION FOR SETTLEMENT IS US$24 MILLION
    * CO AND FIT SINGAPORE AGREED TO TRANSFER CERTAIN KANTATSU
SHARES
OF ABOUT 28.36% OF EQUITY INTEREST IN KANTATSU

Further company coverage:  6088.HK 

 (Reporting by Jaskiran Singh)
 ((Jaskiran.Singh@thomsonreuters.com;))